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THE GARDEN ISLAND, TUESDAY, MARCH 19, 1912,
To be Incorporated under the laws of the Territory of Hawaii.
PURPOSE OF ORGANIZATION.
This Company is to be organized for the purpose of con
structing ami operating a central sugar mill, railroad &c. in the
District of North San Carlos, Philippine Islands, where con
tracts have been secured with the principal planters, who are at
present grinding theit cane with primitive three-roller mills.
By the terms of the contracts, which run for thirty years from
1914, the Mill Company is to receive 40 of all the sugar pro
duced in payment for hauling cane, manufacturing sugar and
providing containers for same.
LOCATION OF PLANTATIONS.
San Carlos lies on the Northeastern coast of the island of
Negros, which island produces approximately 40 of all the
sugar raised in the Philippines. I' it. i- il.ted from the rest of
th: island by mountain chains and m.-. little community by
itself, a factor which contributes to the favorable labor condi
tions that it enjoys. It produces cane of an excellent quality.
It is favored with a natural harbor, safe at all seasons, near
which the mill is to be located.
PRODUCTION OF SUGAR.
The planter signing the contracts produced sufficient cane
during the 1910-11 season to yield about 7,500 tons of sugar,
with modern methods. They have already increased their areas
in cane, and will continue to do so until all is under cultivation.
The yield for 1913-14 should be 12,000 tons of sugar, the min
imum required under the terms of the contract being approx
imately 9,500 tons. As the planters will realize more from
their 60 of 96 sugar turned out by the mill than they at pre
sent receive from the sale of all their low grade sugar,, and be
saved from the milling expense as well, those not already par
ties to the contract will be eager to sign, as some of them have
already signified, and the Mill should have no difficulty in se
curing sufficient cane to turn out the 12,000 tons, its initial ca
pacity. Ultimately it is pl.umed to include the entire district
which will produce cane sufficient for a 20,000 ton crop.
CAPITAL REQUIRED.
MILL AND BUILDING: To fulfill the requirements of the
Company's contracts, it will be necessary to erect a mill
having a daily capacity of 600 tons of cane, with provisions
made to increase to 1,000 tons. This, erected at San
Carlos, will cost about $400,000.00
RAILROAD, 10 miles of permanent track 70,000.00
ROLLING STOCK, 3 17 ton locomotives, 300 cane
cars 45,000.00
WAREHOUSES AND BUILDINGS 30,000.00
WHARF 20,000.00
ADVANCES TO PLANTERS
SUNDRY IMPROVEMENTS
BOND INTEREST, interest do 6 on bonds issued
MANAGEMENT, SUPERVISION OI CON
STRUCTION, LEGAL AND MISCEL
LANEOUS ENPENSE
OPERATING EXPENSES, for first season
30,000.00
1 1,000,00
24,000,00
25,000.00
100,000.00
S755, 000.00
The above funds will be secured by issuing
capital stock for
and bonds for the same amount
$400,000.00
400,000.00
$800,000.00
ESTIMATED PROFITS.
Taking as a basis a 12,000 ton crop and sugar fa) $3.75 the
profits for the first, or 1913-14 crop, are estimated as follows:
RECEIPTS.
Proceeds sale of 4.800 tons sugar (being 40 of 12,000
tons) Cw $3.75 $360,000.00
Less marketing expenses at $10.00 per ton (Coastwise
shipping laws do not apply, hence low rales) 48,000.00
Net Receipts $312,000.0
Railway freight earnings
Profit on ice
Profit on operating store
Commissions on marketing
planters sugar
) It is safe to assume that
: these items collectively will
) amount to considerable but, as
there is no satisfactory basis
) on which to make an estimate,
no allowance for them is made.
EXPENDITURES.
Expense of railroading, manufacturing, supplying contain
ers for and shipping 12,000 tons of sugar:
Per ton sugar
Railroading cane
Mill Expense-repairs
etc., and manufacture
Containers
Shipping
$2.20 $26,400.00
3.35 40,200.00
1.80 21,600.00
.65 7.S00.00
$S.OO $96,000.00
General Expenses and Fixed Charges:
Bond interest. 6 on $4000,000.00 $24,000.00
Sundry Repairs (not including repairs to
mill or railway, which are included
in cost per ton of sugar 5,000.00
Depreciation 20,000.00
Insurance, not including marine ins. 1,575.00
Taxes 2,000.00
Management 7,500.00
Miscellaneous 4.925.000 65,000.00
BALANCE, being profit on 1913-14 crop on f
$31 2000.00
Note: George Ross, in his estimate takes lb.000 ton as
a basis, and making his calculations by a inetli.nl different from
that above arrives at an estimated profit of 31 '! for the first crop
OFFICIALS AND DIRECTORS!
The direction of the Company's affairs will be vested in the
following gentlemen, who have consented to accept the olhces
designated, upon the organization of the Company, and to serve
until after the Company has harvested its first crop.
OFFICERS
Geo. II. Fairchild, President
J. P. Cooke, Vice-President
M. P. Robinson, Treasurer
Alfred D. Cooper, Secretary.
BOARD OF DIRECTORS
J. P. Cooke
' Geo H. Fairchild
R. I vers
W. Pfotenhauer
M. P. Robinson
F. M. Swanv
E. D. Teuney
Alfred D. Cooper
STOCK OFFERED FOR SUB
SCRIPTION. The capital stock, $400,000 00, is divided into 40,000 shares
of $10.00 each, and the balance of the stock not yet taken, is
now offered for subscription. The shares will be sold at par,
10 of the purchase price, that is $1000 per share, to be paid
on call, and the balance probably at a rate not exceeding 10
per mouth. Any amount of stock, from 5 shares up may be
subscribed for all on exactly the same conditions.
EXAMINATION AND REPORT.
After the Preliminay examination and negotiations had
been concluded, Mr. George Ross was commissioned to make a
report of the entire subject. After an examination conducted
on the ground, Mr. Ross filed a report recommending that the
project be taken up. Copies off this report, together with other
documents, maps etc. pertaining to the subject may be seen at
the office of the undersigned.
A complete Prospectus will be mailed to any address on request.
i
i
Cable Address: "Aldyke's," Honolulu. Codes: Western Union, Leibers..
ALFRED D. COOPER
308 Judd Street, Honolulu, Hawaii.
Telephone 284, P. O. Box 607
i f s I GESHKE3K2
SOME DO SAY
V
ELEELE NOTES
Special to The Garden Island.
Storm, clouds, wind, rain and
slippery mountain trails didn't stop
a buuch of Eleele enthusiasts from
seeing the beautiful Hanapepe
Falls last Sunday.
The "bunch" left Eleele at an
early hour Sunday morning and
reached the hospitable home of Mr.
Holmer in time for a cup of hot
coffee. Horses were left there and
with lunches and rain coats, to say
nothing of great spirit and cour
age the merry adventurers started
on their tramp to the falls over the
dkch line.
The fourteen inch plank over the
flume was very slippery and the
trails up and down hills were mud
dy but all reached the noted falls
with flying colors and ready for
what ever the lunch baskets had
in store.
Those who had seen the falls be
fore say that they were grander
and more beautiful than they have
ever been, the water so abundant
and the spray so great that it was
felt at least a hundred feet from
the pool.
After eating the tempting lunch
and resting altho' none would
acknowledge any wearriness the
party started on their homeward
tramp.
Again reaching the home of Mr.
Holmer where a dinner fit for a
king was ready, the "bunch" de
clared that it had been "some
tramp" and worth repeating.
Tlins e that made up the
' bunch'' were Mr. and Mrs. J. I.
Silva, Misses Janet Hastie, Mable
H.istie. Mary Miller, Marion Has
tie. Mosrs. Miller, Moler, Dilling
ham and Loveland.
Mr. C Loveland, a graduate of
Cornell has taken up his duties as
Civil HngiiKvr on McBryde.
The Eleele Hall is Hearing com-pl-tion
and every one is looking
fo. ward to the owning dance.
. ..-t-.j. . ,.
The Light House ship Kukui
ar-ived at Waimea last week with
sir, plies and men for the erection
of two 'igbthousi.s.
The S S. Hill dAiyed this
v ck ow.ii..; to n,i.i connections
V i.li the (.'j.i.st slcaiiR r.
That Kauai has a big future1
ahead of it. j
That a thousand acres of pines
are socn to be planted in the Ka
paa District
That there is also something do
in the Bermuda onion line as well.
That for its size, Kauai has the
largest number of automobiles of
any island in the Territory.
That only Honolulu has more.
That the political pot is begin
ning to sing its election by m.
That it will sound like a funeral
dirge to some.
That some people are never satis
fied with the way things are run
ning. That they cannot help it. They
are built that way.
That some people raise a howl
when a little friendly criticism is
dealt out to them.
That they should take a tumble
and consider such criticism as it is
intended for their benefit.
That the school teachers will
have their inning next year.
That TiiK Gakdun Island will
use its influence in securing such.
That they are kicking at the
amount of work thev have.
That their kick is entirel jm ti
fied. That the basehall clubs are get
ting dowu to knitting.
That some nifty suits are to ap
pear on the various diamonds this
season.
That pretty suits may please the
girls, but they do not necessarily
increase t h e per centage of the
games.
Tbat everybody is betting on his
home team.
That somebody will get scorhecl.
That it won't Us LjUue.
That Chester Doyle is dead stuck
on Kauai.
That he is not exactly "dead,"
but he certainly is stuck.
That all liquor cases were nol
prossed .
That there is no reason why they
should not have been since Kauai
has no saloons.
That t h e success sn growing
onions on Kauai, produces a strong
argument in favor of small fanning.
That Kapaa is to become the
pineapple growing district of the
Territory.
That now the harbor matter is
really settled, the Kauai Railroad
will paobably get busy with that
extension project.
That it will probably build that
belt road.
That the Pairview Hotel has been
filled to overflowing the last week
or two.
That the Kekaha riot case will
prove the most important ever
called before our local court.
That it may require the services
of all iurors.
That Promoter Lulled seems as
well posted on pines as he is on
"Lakeview Number 2."
& WO iTV 77
B ti
Balls, Pins, Foot Moisteners,
Score Sheets, Shilac & Enamel Polish,
Billiard Sl Six-pocket Tables with Cues,
Chalk, Balls, Cement Cue Tips, etc.
gam
Wailuku, Maui, is putting in Baeker's Pin Setters.
The Puunene Club is putting in Baeker's Pin Setters
Hilo parties are figurine on putting in Four allies to be eaninnprl
U iAnrl- R
Bi
unswick-Blaise-Collender Co.,
HONOLULU.
t
COMING IN
The Mauna Loa, one of the I. I.
S. S. Co's. fleet little vessels, ar
rived last Wednesday morning at
2 a. m., bringing the following
distinguished passengers: Hon.
Geo. R. Carter, Hon. W. O.
Smith, Hon. J. P. Cooke, Sam
Baldwin, Mr. Gault, and Mr. J.
P. Hnckfeld, the latter leaving the
vessel here while the others re
mained aboard until they reached
Eleele. They are on a general
tour of ths various plantations.
II BAYVIEW HOTEL
I The Bav View Hotel, Waimea's
' popular commercial hostlery, i s
undergoing a reconstruction which,
, when completed, will be one of the
! finest in the Territory. An extra
story with eight additional rooms
will be added, which will provide
ample accomodation for any num
ber of tourists which might be ex
pected. Provisions are made for
a hrgc, airy, open air dining
room, to extend the entire length
of the building. An alcove ar
rangement will permit the large
lounging room adjoining the din
ing room, to be used for the pur
pose in case of wind or sloruiv
weather. A large lobby is provid
ed for the guests, being so ar-
ranged as to secure privacy in
writing, etc. The sleeping rooms'
will all be upstairs, with the ex
ception of one. A total of nearly '
five thousand dollars will be spent
in the reconstruction, while a large
sum will be spent in refurnishing .
the hotel from top to bottom. ;
The Bav View Annex, which!
was recently built near the beach,
has become so extremely popular,
that the management is thinking
seriously of putting up another
building. The Hay View Hotel,
with its popular annex, will afford
accomodations equal to those ob
tainable any wheje in the Twrri
tory.
Trappers on the state's forest
reserve near Henry ville are reap
ing the richest harvest in y.-ars
from the rabbits of that neighbor
hood, according to informa.ion
brought to the office of Charles C.
Dean, secretary of the state beard
of forestry. Thousands of ra .
bits, it is declared, have I. ecu
trapped and sent to the Indfr.ua-
vwl marKet during the rerent
cold weather. The rabbits became
so numerous on the reserve that
permission was given to trap them,
though no shooting was allowed.
Several persous living near the re
serve have made a living trapi ing
the animals this weather, it is said.
Rows of trees at the reserve, wl ich
had been experimentally cultivi te 1
were stripped and tilled by the
rabbits, , Ix,